The higher the number, the greater the government’s justification for compelling polluters to reduce the emissions that are dangerously heating the planet. During the Obama administration, White House economists calculated the social cost of carbon at $42 a ton. The Trump administration lowered it to less than $5 a ton. Under President Biden, the cost was returned to Obama levels, adjusted for inflation and set at $51.
The new estimate of the social cost of carbon, making its debut in a legally binding federal regulation, is almost four times that amount: $190 a ton.
The Chevy Bolt is cheap and feels it. Read my other comment on it; I have driven one more than a few times, ridden in one even more often, and it’s absurdly bad compared to even a base level Mazda3 in interior quality. It honestly feels cheaper than my my first car, an early 90’s Toyota Tercel, let alone compared to a modern import. If the Bolt is the future of EVs, we’re doomed, because it’s not fun to drive and every moment in it is a reminder that it’s cheap for a reason. It may be better than the Prius C due to being an EV, but that’s not exactly a high bar to clear, and I’m pretty sure it will lose where it counts, customer satisfaction. I can’t imagine someone with the money to buy something better puts the money down for a Bolt and is happy with their decision after six or 12 months, let alone the decade plus that we all should be keeping our vehicles to defray the environmental cost of their construction.
That leaves people with limited financial options, the people forced to buy either a used ICE vehicle or the cheapest EV when their old car dies; you’ll probably recognize them as the working poor (and their ranks are growing thanks to runaway capitalism). If the solution is to force them into terrible vehicles, perfect; the Bolt should serve as a wonderful reminder that profits are valued above them at every step.
I agree that it is cheap. It’s entirely possible for manufactures to do a lot better at that price point, but it’s less profitable.
Right, and since profits are king, the affordable electric cars will stay terrible because an ICE is $1k or so to manufacture while an electric power train including battery is at least five times that in cost. When you look at a $27k car, tax incentives excluded (especially because some people will be unable to use them), the electric car has to be cheapened, every corner cut, or the profits just won’t be there.
Again, it’s dollar for dollar, when you sit in a $20k Mazda versus a Chevy Bolt that will cost the same if the full $7k tax incentive is realized, the quality difference is tangible. Until that’s addressed, there won’t be people wanting to buy that car.
Im curious, why are you comparing a sedan to a suv? Beyond being about the same cost upfront after tax credit, if still 8.5k cheaper over ten years than the smaller Mazda.
I also doubt most of its customers are that horrified by its quality, given as far as i could see its reviewed well by consumers.
I compared a sedan and SUV because they both will fit a family of four and their suitcases for roughly the same price.
I can only speak as somebody who has spent some real time in one, I’d never buy a Bolt. They’re well liked, but as the very cheapest electric vehicles, not just as vehicles. In other words, compared against actually good ICE or hybrid vehicles, the Bolt has zero appeal aside from being electric. That makes us a passable electric vehicle but an overall crappy car to drive. Also, for $850 a year I’d take the Mazda in a heartbeat. Sure, that’s a “privilege”, but it’s also a proven reliable, quality vehicle that will absolutely positively not feel like a tin can that rattles when you shut a door. If somebody spends real time in their vehicle, as I have at various points in my life, I wouldn’t take the Bolt.
They’ve been selling out the entire Bolt manufacturing capacity. So clearly people do want it
Do they, or is there a lack of an alternative in that niche? Again, I can only speak from my personal experience driving and riding in one; I’d choose pretty much anything else with four wheels.
There have been a few other low-cost models. Also all selling out.
They’ll make them fancier if that stops happening
If your comparing price wise you should probably do it used to used, which while hard at the moment given most EVs are new enough that they haven’t made their way to the used market things will improve with time. Especially given the lower maintenance and longer lifespan of EVs.
I’m also sure your factoring the 7k subsidy and the fuel costs into this comparison already, given that if you keep your cars for a long time costing half to a third per mile driven is a pretty big deal, equating to a savings of about six hundred and fifty dollars a year. Between the both of those you should expect to be able to pay 15k more for an EV and still come out on top if you keep cars for a bit over ten years
Basically that the 30k new Bolt and Leaf are competing price wise against a 15k new suv, or at least they would be if there was any suv on the american market for under 25k.
Of course that higher up front cost isn’t nothing, it’s expensive to be poor after all, but it does factor into these things.
I can’t compare feel, but yes, cheap cars do tend to feel cheap, especially when there is still rather limited competition for the low end market and the Japanese pair continue to not even try. I don’t know what to tell you beyond the working poor will probably put up with it for the extra 10k in their pockets, like normal.
Well that or chevy gets swept away by the Koreans until it gets another bailout and then acts all confused, but i don’t think that’s the drivetrains fault.